Depreciation allowable on Assets ready to use but not put to use

Betterman Engineers Pvt. Ltd. Vs I.T.O. (ITAT Kolkata) In the instant case the assessee has acquired certain fixed assets on lease and has charged depreciation on the same. The assets being the godown building, office building, power house building, Weigh Bridge room and machinery. The ld. AO on the basis of the statement made by the director of the assessee company namely Shri D.K.Jaiswal that these assets cannot be put to use during the relevant year and disallowed the depreciation as claimed for. The ld. CIT(A) upheld the order passed by the ld.AO on the ground that the assessee has failed ...